Current Events > To all of you who are worried that you missed the Bitcoin gravy train...

(+) Yeah! (+)

Just invest in other coins. Many of these are less than $5 dollar a coin and are easier to see 3x-5x profits. These coins will rise in price in the future as they are the next phase of cryptocurrency. Bitcoin is just the first to hit the market.

Also many other coins are used for innovative utilities instead of just being another currency like Bitcoin.

Etherum
Chainlink ($0.18 right now!)
Ark (you can use Ark's wallet to get free additional Ark every week!)
IOTA
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I guess I could throw some money into this shit

Is their a guide on this stuff?
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Just tell me how to get started and which one to throw my life savings into.
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Yeah, I would like to buy some of the cheaper ones, but the only way I've figured out to buy anything at all is Coinbase, which only lets you do bitcoin, etherium, and litecoin.
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KainWind posted...

Just tell me how to get started and which one to throw my life savings into.

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iamintents posted...

KainWind posted...

Just tell me how to get started and which one to throw my life savings into.

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Still don't get why it has value other than people hopping on a bandwagon
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Squall28 posted...

Still don't get why it has value other than people hopping on a bandwagon

I mean that's literally hours currency works, it has value because we say it does and people accept and use it as a form of payment because others do.
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Squall28 posted...

Still don't get why it has value other than people hopping on a bandwagon

That's literally it
Your success rides on other people buying into this and selling yours off before they sell theirs
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gunplagirl posted...

Squall28 posted...

Still don't get why it has value other than people hopping on a bandwagon

I mean that's literally hours currency works, it has value because we say it does and people accept and use it as a form of payment because others do.

Our currency is backed by the government. There's extremely low risk of that collapsing. What makes this currency more valuable than dollars? To me, it just seems like a hype train waiting to crash since there's nothing backing up its insane value. It doesn't offer much.
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coolpal23 posted...

iamintents posted...

KainWind posted...

Just tell me how to get started and which one to throw my life savings into.

1. Get on Coinbase. Download the app on your smartphone.
2. Enter your bank account or credit card details.
3. Buy Bitcoin. Ethereum is a better investment imo.

Its that easy. And you can do it all on your phone.

But what about all the other smaller/newer coins, you say? Coinbase only has 3 different crypto coins. So you need to go elsewhere.

1. Get on Binance and make an account. Dont worry. You dont need to a bank account linked here.
2. From Coinbase send Bitcoin to your account on Binance.
3. When you have Bitcoin on your Binance acct, you can buy IOTA and other coins
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Start by making an account on Coinbase. You can use USD(or whatever your nations currency) to buy Bitcoin(BTC), Ethereum(ETH), and Litecoin(LTC). Coinbase only deals in these three coins but they are also the only exchange you can buy BTC with cash.

Each coin you buy will have it's own wallet to store the coin. Each wallet will have a public address you can send coins to. You have to send like coins to a wallet. BTC has to be sent to a BTC wallet. If you send it to another wallet like an ETH wallet, it will be lost.

Other popular exchanges include Bittrex and Bianace. Make accounts here, send your BTC from Coinbase over to your BTC wallet on these sites. You can then buy other coins.

tl;dr
1. Make Coinbase account
2. Buy coins.
3. Send BTC from your Coinbase BTC wallet over to another exchange's BTC wallet.
4. Use BTC to buy your favorite altcoin like Ark and Chainlink!

Want to cash out for USD? Sell you coins for BTC, send BTC back over to Coinbase, sell BTC for cash money.

While it isn't straight forward as just using Coinbase is, it's still easy.

Here's a visual guide.
http://www.7loops.com/move-bitcoin-from-coinbase-to-bittrex/
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Squall28 posted...

gunplagirl posted...

Squall28 posted...

Still don't get why it has value other than people hopping on a bandwagon

I mean that's literally hours currency works, it has value because we say it does and people accept and use it as a form of payment because others do.

Our currency is backed by the government. There's extremely low risk of that collapsing. What makes this currency more valuable than dollars? To me, it just seems like a hype train waiting to crash since there's nothing backing up its insane value. It doesn't offer much.

Bitcoin crashes all the time and when that happens it bounces back. Its as worthless as gold but you can make money off it.
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I would, but I don't know how to invest.

Also I remember when Mt. Gox got hacked a few years ago and investors lost everything. I'm not sure I would store my coins with an online third party. I would need to keep a wallet locally and I don't know how to do that

I bought a lot of ALT coins.

Actually my ALT investments are doing really well.
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The only alt coin I believe in is IOTA and Litecoin, but I cant find a non-risky exchange for IOTA.
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leverageblargh posted...

many other coins are used for innovative utilities

Tell me more

So not all cryptocurrency is actually used for currency like Bitcoin. Many coins are used as either stock for the company that's developing blockchain technologies, or it's used as a token within that technology. Ark for example is a bridge that will help connect different blockchains together to help move data more easily.

Here's an article explaining it better. Yes I own Ark so I want you to buy more but I also believe in the tech so w/e.
https://blog.ark.io/what-is-the-ark-smartbridge-and-how-does-it-work-1dd7fb1e17a0
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Malcolm_McGuffi posted...

I would, but I don't know how to invest.

Cereal and myself just told you.

Malcolm_McGuffi posted...

Also I remember when Mt. Gox got hacked a few years ago and investors lost everything. I'm not sure I would store my coins with an online third party. I would need to keep a wallet locally and I don't know how to do that

We will never see a hack like Mt. Gox again. There has been so much more security built into the exchanges now. 2FA, email comfirmations, etc.

You download the wallet program and send coins to it's address. That's it.
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leverageblargh posted...

How would coins that can only be bought with bitcoin be affordable for the average person at this point?

I doubt these other coins can be bought in any kind of significant number with a fraction of a bitcoin and if you're buying a fraction of a bitcoin, wouldn't it be better to just keep that?

There is this thing called "percentages" you know fractions or things less than one.
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My brother invests big time to the point where that's all he does now. I've been meaning to ask him where to start but we only see eachother every few weeks.
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I presume you do have to report your bitcoin investments when you do your taxes, right? Do they send you a form at the end of the year or something?

leverageblargh posted...

I doubt these other coins can be bought in any kind of significant number with a fraction of a bitcoin

I mean, if a single bitcoin is worth $10k, a fraction can easily buy plenty of a coin valued at <$100
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leverageblargh posted...

How would coins that can only be bought with bitcoin be affordable for the average person at this point?

I doubt these other coins can be bought in any kind of significant number with a fraction of a bitcoin and if you're buying a fraction of a bitcoin, wouldn't it be better to just keep that?

If you buy $100 worth of bitcoin now(at $10k), it would have to jump up to $20k before you double your profits.
If you put $100 worth of bitcoin into a coin that's $0.05, you only need for it to go to $0.10 for you to double that $100.
Lord knows if it hits $1...then you're looking at $2k from your $100 investment.
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BlazinBlue88 posted...

leverageblargh posted...

How would coins that can only be bought with bitcoin be affordable for the average person at this point?

I doubt these other coins can be bought in any kind of significant number with a fraction of a bitcoin and if you're buying a fraction of a bitcoin, wouldn't it be better to just keep that?

If you buy $100 worth of bitcoin now(at $10k), it would have to jump up to $20k before you double your profits.
If you put $100 worth of bitcoin into a coin that's $0.05, you only need for it to go to $0.10 for you to double that $100.
Lord knows if it hits $1...then you're looking at $2k from your $100 investment.

Yea this is the best advice you can get. That is how that Donut guy got so crypto rich. Only part of it from bitcoin. The majority of his profits are from 10 cent and under coins that shot up to $3. All it takes is a 3000 on a coin that is a penny and under. If it shoots up to $3 your coins would then be worth at least a million. If it just gets to $1. That 3,000 investment is worth $300,000
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BlueTigerLion posted...

BlazinBlue88 posted...

leverageblargh posted...

How would coins that can only be bought with bitcoin be affordable for the average person at this point?

I doubt these other coins can be bought in any kind of significant number with a fraction of a bitcoin and if you're buying a fraction of a bitcoin, wouldn't it be better to just keep that?

If you buy $100 worth of bitcoin now(at $10k), it would have to jump up to $20k before you double your profits.
If you put $100 worth of bitcoin into a coin that's $0.05, you only need for it to go to $0.10 for you to double that $100.
Lord knows if it hits $1...then you're looking at $2k from your $100 investment.

Yea this is the best advice you can get. That is how that Donut guy got so crypto rich. Only part of it from bitcoin. The majority of his profits are from 10 cent and under coins that shot up to $3. All it takes is a 3000 on a coin that is a penny and under. If it shoots up to $3 your coins would then be worth at least a million. If it just gets to $1. That 3,000 investment is worth $300,000

I love altcoins. I keep saying I'm going to leave some money in BTC but it always goes to my alts during a dip.
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is Chainlink a good buy TC? I moved some bitcoin over to Binance a half hour ago so I could buy some and it hasn't shown up yet in my balance is that normal?
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Cocytus posted...

I presume you do have to report your bitcoin investments when you do your taxes, right? Do they send you a form at the end of the year or something?

LOL. It gained traction because people use them to buy illegal goods. You really think they are reporting a profit?
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How long does it usually take for a transfer from base to rex take?

Base has deducted (pending) but rex hasn't received, creates a bit of a nervous feeling
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BignutzisBack posted...

is Chainlink a good buy TC? I moved some bitcoin over to Binance a half hour ago so I could buy some and it hasn't shown up yet in my balance is that normal?

I'm very inexperienced, but from what I've heard, it's not performing as well as others.
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bag holder coin
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What about siacoin? It's dirt cheap right now
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Welp, I'm convinced. I just started a CoinBase account and now I'm deciding what to do next.

I'm a little nervous about this, because I have never done such a thing before, but it seems so easy.
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Wtf 11K

When will this madness end
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KainWind posted...

Just tell me how to get started and which one to throw my life savings into.

Obsidian is a good choice imo. Their rebranding happens on Dec 04 and their messenger app comes out on Christmas day. Price will probably hit like $2 or so by then (currently $.68)

Buy Eth off coinbase
Make account on Cryptopia
Exchange Eth for Bitcoin and then Bitcoin for Obsidian
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It's all in preparation for bloody December, weak hands will be tested in the Bitcoin front very soon
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BignutzisBack posted...

is Chainlink a good buy TC? I moved some bitcoin over to Binance a half hour ago so I could buy some and it hasn't shown up yet in my balance is that normal?

It had a lot of hype at first then died down. Seen that with a lot of coins before. It's a long term investment definitely. It'll probably shoot up sometime next year.
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So, anyone wanna recommend some altcoins that are cheap?
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Cocytus posted...

I presume you do have to report your bitcoin investments when you do your taxes, right? Do they send you a form at the end of the year or something?

Yes. From reddit:

Currently, the IRS treats cryptocurrencies as a property. This means they are subject to capital gains tax. Any time you make a trade, whether it be from crypto to crypto or crypto to FIAT, it is considered a taxable event. Even using your crypto to purchase items counts as a taxable event as well.

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For the noobs, if you want to know which one coin is worth dumping all your money on, it's Ethereum (and it's conveniently on GDAX/Coinbase and Gemini).

Even if I just buy like one of each it might be a good idea in case this happens again.

RoboLaserGandhi posted...

Even if I just buy like one of each it might be a good idea in case this happens again.

I suggest 30% BTC, 30% ETH, 10% LTC, 10% XMR, then the remaining 20% spread between SC, BAT, WTC, VTC, LINK, DASH, zCASH

I kind of just want to gamble $50 on one. If I had put $50 into bitcoin when it was new, I would be set.
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TheCyborgNinja posted...

I kind of just want to gamble $50 on one. If I had put $50 into bitcoin when it was new, I would be set.

It's still new.

Litecoin hit 3 digits. Keep the money train rolling
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Apparently you cant use your canadian bank account for coinbase. Bullshit. My credit card is way maxed out.
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Rob Cesternino posted...

So, anyone wanna recommend some altcoins that are cheap?

Honestly IOTA. It was $0.40 a month ago and it's now $1.40. It's going to be a key player in the next year or so.

Chain link is going for $0.16 currently and will be another big coin if they fulfill what they are promising.

Here's another thing to consider. All of these coins are being bought on speculation. None of these coins have actual products yet. We're giving them value based on what the development teams have said they're working on and their progress so far.

Do you're own research because Clear and I are going to tell you what coins to buy based on our own beliefs. Of course we're going to tell you to get the coins we invested in. We want the price to rise. Lol

Start with this website. Ever coin has their own page with price history and what exchanges the coin is sold on. It also has links to the development teams websites so you can read their white papers on the product and decide for yourself.
https://coinmarketcap.com
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Tag for later >_>
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